As a self-assessment taxpayer, you have just over a week (until 1 April 2021) to pay any outstanding tax liabilities in full or to set up an online payment plan for the 2019/2020 financial year in order to avoid any penalty charges.
In light of the pandemic, HMRC had given self-assessment taxpayers more time to pay outstanding tax or set up a payment plan without incurring a 5% late payment penalty charge provided the arrangements have been put in place by midnight on 1 April 2021.
If you still need to settle your liabilities for the 2019/2020 financial year, you can set up a monthly payment plan or pay your tax bill
here.
You can pay online via bank or post. Alternatively, by setting up a time to pay arrangement will allow you to spread the cost of your self-assessment bill into monthly instalments until January 2022.
For further advice on any of the information contained in this post, please contact your usual Moore adviser